What is the name of your state?: California
My husband has bend paying renter's insurance for 15 years to a well known insurance company "F_ _ _ _ _'S. We rent an apartment. About 6 months ago his car was broken into and some personal items were stolen, which total about 400.00. My husband paid the 250. deductible and they only paid about 150.00 approximately. This is the only claim my husband ever made. Now they are raising the premium $10 a month for 3 years, which will more than triple the amount of the $150. (i think it was even less than that). Is that legal for them to do that? It does not seem ethical to me. My husband is thinking about reporting it to the natl. insurance department (or whatever it is called). He called the ins.co. to complain and the guy said he didn't know if he could change it, but would check into it. Any advice? Any recommendations for a better source to buy renter's insurance from? Thanks, Michelle
My husband has bend paying renter's insurance for 15 years to a well known insurance company "F_ _ _ _ _'S. We rent an apartment. About 6 months ago his car was broken into and some personal items were stolen, which total about 400.00. My husband paid the 250. deductible and they only paid about 150.00 approximately. This is the only claim my husband ever made. Now they are raising the premium $10 a month for 3 years, which will more than triple the amount of the $150. (i think it was even less than that). Is that legal for them to do that? It does not seem ethical to me. My husband is thinking about reporting it to the natl. insurance department (or whatever it is called). He called the ins.co. to complain and the guy said he didn't know if he could change it, but would check into it. Any advice? Any recommendations for a better source to buy renter's insurance from? Thanks, Michelle